+0.18(+0.29%)

-0.80(-0.06%)

0.00(0.00%)

+0.00(+0.07%)

In A Few Weeks, Everything We Currently Think About Future Deficits Could Change

Within the next few weeks, the Congressional Budget Office — which provides the hard data and projections regarding the debt and deficit — will release updated numbers, potentially upending the current debate about the size of the deficit.

What this could mean is that updated data from the CBO in a few weeks could paint a much rosier picture of the future of the debt and deficit. In that case, the calls for additional cuts to government services on top of the sequester could be rebuked with these new projections.

On the other hand, the projections could mean that the severity of the deficit has in fact grown, and that the situation has become more dire in the eyes of budget hawks.

Still, though, the point is that the fundamental values that form the crux of the debate are bound to change very soon, and the difference could be in the hundreds of billions.